Leaving top BB for quant HF after less than a year

qm123's picture
Rank: Chimp | 11


First off, I am grateful to be in a position to make this decision. However, it has been stressful, and I am really torn.

Currently working at top BB (think GS/MS/JPM) AM arm as a first year analyst. Long term plan was always moving into quant HF after 1-2 years-ish. I took the AM BB job first as a hedge, since the HF industry is notorious for high turnover.
Recently interviewed with a quant HF (think Millennium, Citadel, AQR ). The process happened out of the blue, and I just went with it. I received an offer, but it is for ASAP start.

My main concern is moving too soon. (As a note, if this offer came one year from now, I would have taken it, almost no doubt). So main question is: how would quitting (my first job) after 6-8 months look on my resume? Does it matter that it is for an (arguably) better position (can be seen as the next step in a career). This question is especially problematic given the high turnover of the HF. I don't want end up a hire-and-fire. In that worst case scenario, how would quitting BB 6-8 months in and then getting fired from HF after a year or so look?

Second concern is that - I know it sounds like a weird concern - the interview process seemed relaxed and straightforward. I do not think I necessarily have the perfect skills for the job, and I am worried they just need someone to fill the position until they find someone better qualified. I have also heard that actually getting the job at these funds is not that impossible after coming from a good BB analyst program, but doing the jump too soon might get you fired and kill your career. On the other hand, I do not want to pass this opportunity and not find a good enough alternative in a year or so.

Also, for what it's worth I like my current job, and I don't know exactly what I would be doing in the new role. Pay is better in the new role, but I would not factor current pay that much in my decision (expected value of future pay is the decision driver here)

Thank you in advance for any insights.

Comments (3)

Jan 30, 2019

What kind of function are you in in your current role in BB AM? are you currently in a quant strategy? Were you contacted via head hunters for this role?

Jan 30, 2019

Contacted by HR.
Might be a bit paranoid, but I would not want to disclose more information about the current position.

Jan 30, 2019